St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-04
WE. THE UNDERSIGNED, CITIZENS AND

WE. THE UNDERSIGNED, CITIZENS AND
w residents OF the City of st. Paul, in the
County of Ramsey and State OF Minnesota do
hereby associate ourselves together as and for Il
body corporate under and pursuant to title one of
chapter thrtyfour of the Statutes OF the State of
Minnesota and for that purpose we have and do
hereby adopt and execute the following Articles of
Incorporation:
Firsi-The name of this corporation shall be the
Metropolitan and Suburban Railway company
The general nature of the business of said cor
poration shall be the acquiring of. constructing
equipping and operating lines or railroad of the
standard and narrow gauge. and propelled by
steam and other power, within the counties of
Ramsey and Dakota, in the State of Minnesota
and In conducting thereon and Herewith gen.
eral transportation business for the transportation
OF passengers and freight for hire between any and
all the towns, cities and villages in said counties
and through and in and about said towns, cities
and villages.
The principal place of business of said corpora.
ton shall be the City of St. Paul in the County of
Ramsey and State of Minnesota. .
Second-The time of the commencement of this
corporation shall be the first Monday in May, A.
fifty years thereafter.
ThirdThe amount of the capital stocko of said
corporation shall be the sum of one million dol
lars, and shall be paid in at such times and in
such manner as the Board Of Directors of said
corporation shall designate.
. Fourth-The highest amount of indebtedness or
iapliity to which said corporation shall Mt any
dollars.
b!fth-The names and places of re sidence of
the persons forming this association and incor-
poration are: Maurice Auerbach, residing al the,
city OF SA Paul, county of Ramsey, Minnesota
Albert Schefer, residing at the city of st. Paul
county OF Ramsey, Minnesota; L. H. Maxfield
residing at the city of ST. Paul, county or Ram
sey, Minnesota; Paul Martin residing at the city
OF ST. raul county of Ramsey, Minnesota
george Il. Beardsly, residing at the city of ST.
raul, county OF Ramsey, Minnesota, and Joseph
j. ScCardy, residing at the city of st. Paul
county of Ramsey, Minnesota.
StXth-The first five of the above-named persons
snail form the first Board of Directors of said cor
poration and shall hold their offices for the term
OF one year and until the first annual election of
SAID corporal on, which shall take place on the
ilrst Monday of May in each year commencing on
the first Monday of May, A. ID. 1883
The government of said corporation and the
management of its affairs shall be vested in said
Board OF live Directors and in q President Vice
PRESIDENT, Secretary, Treasurer and General Man.
ager, who shall be elected by said Board of Direc-
tors from their number, and who shall hold their
ofhces for the term of one year from the time of
said election. -.
said Board of Directors after the first board
herein provided for shall be elected by the stock
holders OF said corporation at The annual meeting
OIL said corporation. and all such officers and direc-
tors shall hold their Offices until the election and
qualification of their successors.
Seventh--The number and amou nj or shares of
the capital stock of said corporation shall be ten
thousand shares of the par value of one hundred
dollars each. . --.sl- -
In testimony whereof, the above named incof-
porators have hereunto set their hands and affixed
their seals at The City of st. Paul. III the County
OF Ramsey and State OF Minnesota upon this goth
day of April, A. d. 1857.
A